Provident Wealth Management LLC Reduces Stock Position in Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL)

Provident Wealth Management LLC lowered its stake in shares of Putnam Focused Large Cap Value ETF (NYSEARCA:PVAL) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 87,052 shares of the company’s stock after selling 26,406 shares during the period. Putnam Focused Large Cap Value ETF accounts for approximately 1.1% of Provident Wealth Management LLC’s portfolio, making the stock its 16th largest holding. Provident Wealth Management LLC owned 0.58% of Putnam Focused Large Cap Value ETF worth $3,231,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the fourth quarter worth $28,000. Allworth Financial LP raised its position in shares of Putnam Focused Large Cap Value ETF by 79.8% in the third quarter. Allworth Financial LP now owns 2,580 shares of the company’s stock worth $98,000 after buying an additional 1,145 shares in the last quarter. Verdence Capital Advisors LLC purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the third quarter worth $205,000. Cozad Asset Management Inc. purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the third quarter worth $208,000. Finally, Fulcrum Equity Management purchased a new stake in shares of Putnam Focused Large Cap Value ETF in the third quarter worth $248,000.

Putnam Focused Large Cap Value ETF Stock Performance

Shares of PVAL stock opened at $38.68 on Wednesday. Putnam Focused Large Cap Value ETF has a 52-week low of $33.11 and a 52-week high of $40.07. The company has a market capitalization of $2.11 billion, a PE ratio of 20.51 and a beta of 0.90. The business’s fifty day moving average is $38.24 and its 200 day moving average is $38.09.

Putnam Focused Large Cap Value ETF Company Profile

The Putnam Focused Large Cap Value ETF (PVAL) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed, non-transparent ETF that provides exposure to large-cap value companies in the US. The fund utilizes the Fidelity non-transparent model. PVAL was launched on May 25, 2021 and is managed by Putnam.